Actuarial Intern (Trainee)

Farmers Group Inc.; Los Angeles (CA); On-site; USD 24,000 - 32,000; Full time

Benefits offered by this job

Paid internship

Job summary

Farmers Insurance Fixed-Term Internship is a paid summer program designed to immerse interns in actuarial functions across Product, Actuarial, Analytics, and more. Interns will work on real business problems spanning multiple units, with guidance from project mentors and leaders.

The internship lasts 10 to 12 weeks during summer 2027, offering exposure to tools and technology used in real-world actuarial work and potential opportunities for future full-time roles for high performers.

Qualifications

• Currently pursuing a Bachelor's (BS/BA) or Master's (MS/MA) in Actuarial Science, Mathematics or related field.
• Rising Junior or Senior level or pursuing Masters' degree.
• One Actuarial exam passed is required - P or FM would be ideal.

Responsibilities

• Support actuarial data compilation for loss trending and exposure analysis.
• Assist with rate model calculations and validation.
• Contribute to loss ratio reporting and reserve analysis.
• Participate in cross-team handoffs and process documentation.
• Shadow senior staff on strategic decisions involving actuarial work.

Skills

Verbal communication

Written communication

Data analysis

Programming basics

Education

Actuarial Science / Mathematics degree

Actuarial exam passed (P or FM)

Tools

Python

R

SQL

VBA

Job description

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Actuarial Intern (Trainee)

36163

Job Summary

Farmers Insurance Fixed-Term Internship

Join Farmers to learn how actuarial functions drive profitability and customer outcomes in P&C insurance. In this intensive rotation, you'll see how underwriting risk decisions flow through claims operations, how claims data informs pricing models, and how actuarial analysis underpins strategic decisions. You'll work alongside teams making real decisions on real business outcomes—not simulated work.

We are… more than just your favorite commercials. At Farmers, we strive to deliver peace of mind to our customers by providing protection and comprehensive advice and delivering in the moments of truth. That means having people who can help us meet changing customer and business needs. Farmers high-performance culture is focused on results and the people who achieve them. We hold ourselves and others accountable for sustainably growing the business and each other. We seek solutions, own our actions, and grow.

Essential Job Functions

What you'll get to do as an intern...

• Farmers believes in the diversity of our employees, ideas, and experiences, and we are committed to building an inclusive culture that represents the communities we serve.
• We are seeking curious, passionate, and hard-working students from quantitative academic fields to partake in our paid summer internship program.
• The program will be highly collaborative and immersive, with interns working on real business problems that can span multiple business units within the complex insurance landscape: Product, Actuarial, Analytics, R&D, Underwriting, Finance, Sales, Marketing, Operations, Distribution, IT.
• But it won’t be all work! Our executive leadership will host learning sessions with our interns to discuss career aspirations as well as other events throughout the summer.

What you'll accomplish...

• Interns will work alongside project mentors and project leads that will help contextualize the work.
• Over the course of the summer, interns will ultimately be immersed within an Actuarial team gaining valuable exposure to the tools and technology that will help you secure 'real world' work experience.
• You will be integrated within a team and have access to the Farmers Leadership team.
• This is a 10 to 12-week paid summer 2027 internship.
• Future full-time opportunities may be available for high performers.

Actuarial

• Support data compilation for loss trending and exposure analysis.
• Assist with rate model calculations and validation.
• Contribute to loss ratio reporting and reserve analysis.

Cross-functional

• Participate in inter-team handoff meetings to see how each function impacts the others.
• Contribute to process documentation or minor analytical projects.
• Shadow senior staff on strategic decisions involving.

Education Requirements

Education needed...

• Currently pursuing a Bachelors (BS/BA) or Masters (MS/MA) degree in Actuarial Science, Mathematics or related field.
• Rising Junior or Senior level or pursuing Masters' degree.
• One Actuarial exam passed is required - P or FM would be ideal.
  

You'll thrive if you have...

• Excellent verbal and written communication.
• Ability to manipulate and analyze data to address and solve business problems.
• Willingness to independently learn and make an impact within a team environment.
• Preferred but not required: proficiency in Microsoft Office Suite and exposure to at least one programming language, such as Python, R, SQL, VBA.